Netel: adjusted EBITA rebounds, but full-year growth outlook is dropped
Netel reported Q3 sales up 4.5% and adjusted EBITA recovering to SEK 20 million; faster declines in Norwegian Telecom removed full-year growth expectations.
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what happened
Netel's third-quarter sales rose 4.5%, while adjusted EBITA recovered to SEK 20 million. Operating cash flow came in at SEK 60 million, according to TradingView.
However, faster declines at Norwegian Telecom led the company to drop its growth expectations for the full financial year. Guidance for improving group margins was kept in place.
why it matters
For investors, the key signal is the mismatch: the quarter's operating figures look better, but the Norwegian business is pulling full-year growth lower. The stock matters mainly to those tracking margins and cash flow at this small telecom operator.
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instruments
sources
- NETEL: Adjusted EBITA rebounded, but faster Norwegian Telecom declines ended FY growth expectations — TradingView, 28 October 2026 at 09:52 UTC
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